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Mon May 21, 2012
The housing slump in the United States claimed more jobs this week when EquiFirst Corp., a subprime mortgage lending unit that operates under the umbrella of British bank Barclays Plc, announced staff reductions.
Jennifer Sharpe, a spokesperson with EquiFirst, told DSNews.com on Wednesday that the “company made this decision in response to a contraction in the industry.” Sharpe added, “This move will help to ensure EquiFirst has a viable future in the mortgage lending business.”
EquiFirst also indicated in a statement to DSNews.com that Barclays remains committed to the nonprime business in America and is supportive of its management team.
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